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Saudi shares plummet
- Saudi Arabia: Sunday, November 23 - 2008 at 09:53
Saudi shares plunged 9.2% on Saturday with most blue chips posting across-the-board declines. Worried investors resorted to panic selling as oil fell below $50 on Friday and on growing uncertainty about the future of Citi Group. The Saudi index fell 448.87 points to end at 4,431.57, its lowest since early 2004.
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StaffSunday, November 23 - 2008 at 09:53 UAE local time (GMT+4)
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